MUU vs. NVDG

Last updated Jun 24, 2026

MUU (Direxion Daily MU Bull 2X Shares) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. MUU is passively managed, while NVDG is actively managed. With a 1.00 correlation, they move nearly in lockstep. MUU charges 1.01%/yr vs 0.75%/yr for NVDG.

Performance

MUU vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MU Bull 2X Shares (MUU) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: -8.30%
• 1M: -15.70%
• YTD: 1.66%
• 6M: -1.47%
• 1Y: 51.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MUU vs. NVDG - Yearly Performance Comparison

	2026 (YTD)
MUU Direxion Daily MU Bull 2X Shares	-12.11%
NVDG Leverage Shares 2X Long NVDA Daily ETF	-11.70%

Correlation

The correlation between MUU and NVDG is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	1.00

Return for Risk

MUU vs. NVDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MUU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NVDG

NVDG Risk / Return Rank: 24
NVDG Sharpe Ratio Rank: 22
NVDG Sortino Ratio Rank: 26
NVDG Omega Ratio Rank: 25
NVDG Calmar Ratio Rank: 26
NVDG Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MUU vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bull 2X Shares (MUU) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MUU	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.73	—
Sortino ratio: Return per unit of downside risk	—	1.39	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.20	—
Martin ratio: Return relative to average drawdown	—	2.62	—

Drawdowns

MUU vs. NVDG - Drawdown Comparison

The maximum MUU drawdown since its inception was -26.28%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for MUU and NVDG.

Drawdown Indicators

	MUU	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-66.19%	+39.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.72%	—
Current Drawdown Current decline from peak	-26.28%	-30.20%	+3.92%
Average Drawdown Average peak-to-trough decline	-10.19%	-23.05%	+12.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.59%	—

Volatility

Volatility by Period

	MUU	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	52.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	295.32%	70.20%	+225.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	295.32%	90.59%	+204.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.32%	90.59%	+204.73%

MUU vs. NVDG - Expense Ratio Comparison

MUU has a 1.01% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

MUU vs. NVDG - Dividend Comparison

MUU has not paid dividends to shareholders, while NVDG's dividend yield for the trailing twelve months is around 11.62%.

Position	TTM	2025
MUU Direxion Daily MU Bull 2X Shares	0.00%	0.00%
NVDG Leverage Shares 2X Long NVDA Daily ETF	11.62%	11.81%

Frequently Asked Questions

Can I hold both MUU and NVDG in my portfolio?

With a correlation of 1.00, MUU and NVDG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MUU or NVDG?

On fees, NVDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUU or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 1.01% for MUU.

Which ETF pays a higher dividend yield, MUU or NVDG?

NVDG has the higher dividend yield at 11.62%, compared with 0.00% for MUU.

What is the main difference between MUU and NVDG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.01% for MUU and 0.75% for NVDG.